U.S. stock index futures were slightly higher on Wednesday, set to reverse the small losses on Tuesday, ahead of earnings reports from heavyweights including General Motors, Boeing and Coca-Cola.

* American Express and eBay report after the close.

* Investors will be parsing the quarterly reports for clues on the measures companies are taking to increase revenue and protect profits as concerns about an economic slowdown deepen.

* S&P 500 companies are expected to report a 3.9 percent decline in third-quarter profit and a 3.8 percent fall in revenue, according to Thomson Reuters data.

* Weak European earnings and a slide in Chinese small-cap stocks weighed on global stocks.

* U.S. stocks closed slightly lower on Tuesday as losses in healthcare and biotech stocks offset gains in Verizon and United Technologies.

* Shares of Yahoo were down 1.3 percent at $32.40 premarket on Wednesday after the Internet company's quarterly earnings and profit missed expectations.

* Chipotle fell 8 percent to $649.00 after the burrito chain posted disappointing third-quarter results.

* VMware sank 4.2 percent to $65.90 after the virtualization software maker forecast current-quarter revenue below estimates.

* Brent crude fell slightly as U.S. oil inventories rose, while copper prices continued falling as demand from China weakens.

Futures snapshot at 6:44 a.m. ET:

* S&P 500 e-minis were up 9.5 points, or 0.47 percent, with 139,426 contracts traded.

* Nasdaq 100 e-minis were up 20.25 points, or 0.46 percent, on volume of 22,587 contracts.

 

 

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A lot of things are happening today.

Ferrari shares are set to begin trading, earnings season is in full swing and some key stocks are on the move.

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

 

1. Vroom

 

Shares in Ferrari are set to debut on the New York Stock Exchange Wednesday. The ticker symbol will be "RACE."

Shares in the company were priced at $52 each, which was at the top end of the range.

Ferrari is being spun out from parent company Fiat Chrysler Automobiles (FCAM), which also owns the Maserati, Jeep and Dodge brands.

 


2. International stock market overview

 

European markets are all declining in early trading, which is setting a rather negative tone in the markets.

But U.S. stock futures are holding steady and not moving very far from their Tuesday closing levels.

Asian markets ended with mixed results.

On Tuesday, the Dow Jones industrial average and the S&P 500 each dipped 0.1%, while the Nasdaq shrunk back by 0.5%.

 


3. Market movers

 

Chipotle, Credit Suisse, Yahoo: Chipotle (CMG) shares dipped more than 7% in extended trading after releasing its latest earnings. The company reported sales growth continues to slump.

Shares in Credit Suisse (CS) are declining by about 5% in Europe after the bank announced plans to raise about 6 billion francs ($6.3 billion) following disappointing earnings results. The bank also announced cost-cutting plans and some changes to top management.

Shares in Yahoo (YHOO, Tech30) are also dipping by 2% premarket after the tech giant reported results that came in slightly below Wall Street expectations. The company also vowed to carry through on plans to spin-off Alibaba (BABA, Tech30).

 


4. Earnings

 

Many companies including General Motors (GM), Boeing (BA), Coca-Cola (KO) and Tupperware (TUP) will post quarterly results ahead of the opening bell.

Another round will come after the closing bell. We'll hear from American Express (AXP), Texas Instruments (TXN), eBay (EBAY) and SanDisk (SNDK).

 

 

 

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What is it? As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? At 1:00pm Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.

 

 

 

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What is it? It's among the primary method the BOC uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

When? At 11:15am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.

 

 

 

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What is it? It's the primary tool the BOC uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

When? At 10:00am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.

 

 

 

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